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Government to raise €500m in T-bill auction

THE National Treasury Management Agency (NTMA) is set to raise €500m at auction next Thursday.

The agency that manages the country’s debt will offer €500m of Treasury bills with a six month maturity.

The decision to extend the duration of short-term debt sales comes after the Government issued three month paper at a yield of 0pc in September.

According to the NTMA, the maturity date is May 25.

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